Sunday, June 3, 2012

This Coming Disaster Will Be Worse Than Lehman 2008

“The global financial situation is really starting to spin out of control, Eric. It won't be long now before the Federal Reserve, ECB, Bank of Japan and Bank of England start more QE in an attempt to keep global stock markets from imploding and causing another Lehman Brothers collapse.”

“But let's call QE what is really is, which of course is ‘money printing’. And clearly, while all that new money won't solve the problem of bank and government insolvency, Eric, you can be sure it will do one thing -- it will send gold higher.

The likelihood of more money printing may in fact be one reason that gold and the mining shares are starting to hold their own. In other words, gold and the mining shares have been generally rising -- or at least, only going down a little -- when the overall stock market is dropping....

- James Turk via a recent King World News interview: